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Rayonier Announces First Quarter 2024 Dividend

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Rayonier Inc. (RYN) declares a first quarter cash dividend of $0.285 per common share and a cash distribution of $0.285 per operating partnership unit, payable on March 28, 2024, to shareholders and holders of record on March 14, 2024.
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Insights

The announcement of Rayonier Inc.'s cash dividend of $0.285 per common share represents a significant event for shareholders and potential investors. Dividends are a critical component of shareholder returns, particularly for those invested in income-generating stocks. The declaration of a dividend typically reflects a company's confidence in its current financial health and outlook for future earnings. It is essential to compare this dividend payment against the company's historical payouts to assess the trend in shareholder remuneration. If the dividend has increased, remained stable, or decreased, it can signal the company's operational performance and financial stability.

Furthermore, the dividend yield, calculated by annualizing the quarterly dividend and dividing it by the stock price, is a key metric for investors. It provides a measure of the income generated by an investment in the company's stock relative to its price, which can be compared to the yields of other investments. A stable or increasing dividend yield can make the stock more attractive to income-focused investors, potentially supporting the stock price.

The impact of a dividend announcement on the stock market can be multifaceted. While it directly benefits shareholders, it can also be interpreted as a signal by the broader market. Investors often view regular and consistent dividends as an indicator of a company's robust and predictable cash flow, which can be particularly appealing in volatile or uncertain economic climates. This perception can positively influence the company's stock market valuation.

Moreover, the announcement of identical cash distributions for both common shares and operating partnership units suggests a parity in treatment between different types of equity holders. This can be seen as a positive move in maintaining investor relations and trust among different stakeholders. The market's reception to such announcements can also be influenced by the overall sector performance and macroeconomic conditions, which should be considered when evaluating the potential stock market impact.

WILDLIGHT, Fla.--(BUSINESS WIRE)-- Rayonier Inc. (NYSE:RYN) announced today that the Company’s board of directors has declared a first quarter cash dividend of $0.285 per common share. The dividend is payable on March 28, 2024, to shareholders of record on March 14, 2024.

The Company also announced today that the Company’s board of directors, in its capacity as the board of directors of the general partner of Rayonier, L.P., has declared a first quarter cash distribution of $0.285 per operating partnership unit. The cash distribution is payable on March 28, 2024, to holders of record on March 14, 2024.

About Rayonier

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2023, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.85 million acres), U.S. Pacific Northwest (418,000 acres) and New Zealand (421,000 acres). More information is available at www.rayonier.com.

Investors: Collin Mings, investorrelations@rayonier.com, 904-357-9100

Media: Alejandro Barbero, alejandro.barbero@rayonier.com

Source: Rayonier Inc.

FAQ

What is the dividend amount declared by Rayonier Inc. (RYN) for the first quarter?

Rayonier Inc. (RYN) declared a first quarter cash dividend of $0.285 per common share.

When will the dividend be payable to shareholders of Rayonier Inc. (RYN)?

The dividend will be payable on March 28, 2024, to shareholders of record on March 14, 2024.

What is the cash distribution amount declared by Rayonier Inc. (RYN) for the first quarter?

Rayonier Inc. (RYN) declared a first quarter cash distribution of $0.285 per operating partnership unit.

When will the cash distribution be payable to holders of record of Rayonier Inc. (RYN)?

The cash distribution will be payable on March 28, 2024, to holders of record on March 14, 2024.

Rayonier Inc.

NYSE:RYN

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3.96B
147.64M
0.81%
95.08%
2.63%
REIT - Specialty
Real Estate Investment Trusts
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United States of America
WILDLIGHT